President Donald Trump has announced an extension of the 5 April deadline for the sale of TikTok to an American buyer.
The United States government had previously approved the sale of the short-video social media platform due to concerns over potential hacking and data theft by China.
On Friday, President Trump stated that his administration had been working diligently on securing a deal, noting that “tremendous progress” had been made.
In a post on Truth Social, he explained that the deal “requires more work to ensure all necessary approvals are signed.”
The President revealed that he had signed an Executive Order allowing TikTok to continue operating for an additional 75 days.
“We hope to continue working in good faith with China, who I understand are not very happy about our reciprocal tariffs,” Trump wrote.
“This proves that tariffs are the most powerful economic tool, and very important to our national security. We do not want TikTok to ‘go dark'.”
The President added that his administration looks forward to working with TikTok and the Chinese government to finalise the agreement.
Among the bidders are Jeff Bezos’s Amazon, a consortium led by OnlyFans founder Tim Stokely, mobile technology company AppLovin, and a group that includes Oracle.
